ATAHK Hotline86-755-82143422

Page index: Home > » Biz Followup » Financial Advisory

China Taxation and tax return

Update Date:2022-7-20 18:46:23     Source:www.3737580.com     Views:1286

China  Tax  Return/ China Tax advisory Service

Hotline: 86-755-82143348 Email: anitayao@citilinkia.com.

China Tax return is also called at China tax consultancy or China Tax advisory, usually every company should know the tax return principles to manager the company well during its operation and management. 

 

China Taxation 

The 2008 Enterprise Income Tax (EIT) Law applies to both domestic and foreign-invested enterprises, generally at the same rate, with special rates applying in certain cases. In addition to the enterprise income tax, China levies a number of turnover taxes, such as value added tax (VAT), business tax (BT), consumption tax and customs duties. There also is a resource tax, land appreciation tax (LAT), social security contributions, stamp duty, etc. China does not levy a branch profits tax, excess profits tax or alternative minimum tax. China has transfer pricing, thin capitalization and controlled foreign company rules, as well as a general anti-avoidance rule.

China Tax Return
Tax return is required in most systems. Some systems require that taxpayers self assess tax on the tax return. Other systems provide that the government must make an assessment for tax to be due. Some systems require certification of tax returns in some manner by accountants licensed to practice in the jurisdiction, often the company's auditors. Tax return due dates vary by jurisdiction, fiscal or tax year, and type of entity. In self-assessment systems, payment of taxes is generally due no later than the normal due date, though advance tax payments may be required.

 
Notes On Tax Return
China's tax year is the same as the calendar year and returns must be submitted by 31 March of the following year, to the local tax authority of an employee's place of employment. Fines for not filing a tax return on time can be high.Tax returns forms shall be filed completely and well documented within the statutory deadline. Not only will you avoid penalties for not applying the correct tax treatment on a wide variety of expenses and avoid unnecessary scrutiny but you’ll also ensure that you make the most of all available tax incentives.


Contact Us For China tax return
If you have further queries, don’t hesitate to contact ATAHK anytime, anywhere by simply visiting ATAHK’s website www.3737580.net , or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to anitayao@citilinkia.com 

Back Home   Back Previous   BizBrainBase
查看下一篇: China Taxation and China Company Tax Advisory